Forex: EURUSD, AUDUSD and S&P 500 Attempt to Revive Bull Trends
• The weekend vote for Crimea to join Russia didn't generate the market concern last week insinuated
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The international news headlines were plastered with the passage of the Crimea referendum over the weekend, exacerbating tensions between Russia and the Western World. Yet, despite the press, traders opted to sell last week's volatility spike rather than unwind their speculative positioning. This particular spot of geopolitical tension is unlikely to be resolved without further threats to the steady transmission of global risk trends, but short-term trade appetites are still out pacing the imposition of systemic fears. As we watch the S&P 500, AUDUSD and EURUSD eye substantial resistance while sentiment themes work themselves out; we are also facing a notable wave of monetary policy speculative flows. We discuss risk trends, stimulus forecasts and the other key themes in the Forex market in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.